Third Point LLC Grows Stock Holdings in Soho House & Co Inc. $SHCO

Key Points

• Third Point LLC increased its stake in Soho House & Co Inc. by 121.1%, owning 5.2 million shares valued at approximately $32.1 million after the purchase of nearly 2.85 million additional shares.
• Analysts have mixed ratings on the stock, with one analyst issuing a Strong Buy rating and Zacks Research upgrading the stock to a "strong-buy," while Roth Capital downgraded it to "hold."
• Soho House reported a quarterly earnings per share of $0.13, exceeding expectations, with total revenue for the quarter at $329.8 million, compared to the anticipated $316.79 million.

Third Point LLC lifted its stake in Soho House & Co Inc. (NYSE:SHCO - Free Report) by 121.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,200,000 shares of the company's stock after buying an additional 2,847,924 shares during the period. Third Point LLC owned approximately 2.67% of Soho House & Co Inc. worth $32,136,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of SHCO. D. E. Shaw & Co. Inc. bought a new stake in shares of Soho House & Co Inc. in the fourth quarter worth $790,000. Algert Global LLC boosted its holdings in Soho House & Co Inc. by 41.4% in the first quarter. Algert Global LLC now owns 173,631 shares of the company's stock worth $1,073,000 after acquiring an additional 50,820 shares in the last quarter. Eisler Capital Management Ltd. bought a new stake in shares of Soho House & Co Inc. during the first quarter worth about $217,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Soho House & Co Inc. by 53.6% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 145,416 shares of the company's stock valued at $1,083,000 after purchasing an additional 50,723 shares during the last quarter. Finally, Groupe la Francaise bought a new stake in shares of Soho House & Co Inc. in the 1st quarter worth $1,192,000. Institutional investors own 62.35% of the company's stock.

Insider Transactions at Soho House & Co Inc.

In other Soho House & Co Inc. news, CEO Andrew Carnie sold 100,000 shares of the company's stock in a transaction that occurred on Tuesday, July 22nd. The stock was sold at an average price of $6.38, for a total transaction of $638,000.00. Following the transaction, the chief executive officer owned 1,103,975 shares in the company, valued at approximately $7,043,360.50. This represents a 8.31% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 74.70% of the company's stock.

Soho House & Co Inc. Price Performance

NYSE:SHCO traded up $0.01 during trading hours on Wednesday, hitting $8.86. The stock had a trading volume of 204,179 shares, compared to its average volume of 605,471. The firm has a market capitalization of $1.73 billion, a price-to-earnings ratio of -29.52 and a beta of 0.69. Soho House & Co Inc. has a one year low of $4.60 and a one year high of $8.92. The company has a 50 day simple moving average of $7.60 and a two-hundred day simple moving average of $6.76.

Soho House & Co Inc. (NYSE:SHCO - Get Free Report) last posted its earnings results on Friday, August 8th. The company reported $0.13 EPS for the quarter, topping the consensus estimate of ($0.08) by $0.21. The business had revenue of $329.80 million during the quarter, compared to analysts' expectations of $316.79 million. Soho House & Co Inc. had a negative return on equity of 4.02% and a negative net margin of 4.67%. Equities research analysts anticipate that Soho House & Co Inc. will post -0.43 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have weighed in on SHCO shares. Zacks Research raised Soho House & Co Inc. to a "strong-buy" rating in a report on Tuesday, August 12th. Roth Capital lowered shares of Soho House & Co Inc. from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Soho House & Co Inc. has an average rating of "Buy" and an average target price of $9.00.

Soho House & Co Inc. Company Profile

Soho House & Co, Inc is a holding company, which offers global membership platform of physical and digital spaces. It operates through the following segments: UK, North America, Europe and Rest of the World, and All Other. The company was founded by Nicholas Keith Arthur Jones in 1995 and is headquartered in London, the United Kingdom.